Eyraud, Luc; Hodge, Andrew; Ralyea, John; Reynaud, Julien - 2020
This note discusses how to design subnational fiscal rules, including how to select them and calibrate them. It expands … on subnational fiscal rules is still evolving, including their effectiveness (for example, Heinemann, Moessinger, and … sections. The first section defines fiscal rules. The second section discusses the rationale for subnational rules. The third …